Mining Stock Daily John Black on Aldebaran's New Spin-Co and an Altar PEA Update
Sep 8, 2025
John Black, CEO of Aldebaran Resources, discusses the company's innovative move to create a new Argentine-focused exploration company by spinning off non-priority properties. They dive into the potential of projects like Rio Grande and Aguas Calientes, highlighting their value. Black also updates listeners on the delay of the Altar Preliminary Economic Assessment to Q4, stressing the importance of evaluating both the Altar deposit and surrounding technologies. This strategic pivot aims to enhance shareholder value and unlock previously overlooked opportunities.
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Focus Drives The Spin-Out Decision
- Aldebaran's main focus remains Altar, so non-priority northern Argentina projects sat idle and lacked market value.
- Spinning them into a new company leverages heightened interest in Argentina and avoids stretching Aldebaran's management.
Choosing Sam Leong To Lead The SpinCo
- John Black recounts identifying Sam Leong as the right CEO to lead the new Argentine-focused company.
- He notes Sam's South American experience and contacts make him a strong fit to run the spun-out portfolio.
Spin Assets To Unlock Shareholder Value
- Spin the non-core Argentine assets into a separate company to unlock value for current shareholders.
- Issue shares in the new public company to Aldebaran shareholders so they retain exposure while a new team funds and advances the projects.